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What will be the main source of the 6 million barrels of sour crude oil acquired for the SPR by March 2025?
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Resolution / Starting Odds
Domestic US producers • 25%
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Official announcements from the US Department of Energy or credible news sources
Story
US to Buy 6 Million Barrels for SPR at $79.99 per Barrel for 2025 Delivery
Aug 12, 2024, 05:19 PM
The United States is seeking to purchase six million barrels of sour crude oil for the Strategic Petroleum Reserve (SPR). The Department of Energy's Strategic Petroleum Reserve Project Management Office plans to acquire this oil for delivery in January, February, and March 2025. The purchase will be made at a maximum price of $79.99 per barrel, with the oil being delivered to the Bryan Mound storage site. This initiative is part of the Biden Administration's efforts to replenish the nation's oil reserves.
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